Willis Towers Watson (WTW) Operating Margin (2009 - 2026)
Willis Towers Watson's (WTW) quarterly Operating Margin came in at 14.76% in Q2 2026, down 152.0% on a YoY basis from 28.39% in Q2 2025, and down 20.53% quarter-over-quarter from 18.57% in Q1 2026.
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Willis Towers Watson (WTW) Operating Margin (2009 - 2026) Analysis & Trends
Willis Towers Watson (WTW) has reported Operating Margin for 18 consecutive years, with 14.76% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 152.0% year-over-year to 14.76%; the trailing twelve-month figure through Jun 2026 stood at 22.23% (up 1270.0% YoY), and the FY2025 full-year result was 23.01%, up 1670.0% from the prior year.
- Operating Margin fell to 14.76% in Q2 2026 per WTW's latest filing, from 18.57% in the prior quarter.
- Across five years, Operating Margin topped out at 34.6% in Q4 2025 and bottomed at 33.46% in Q3 2024.
- Historically, Operating Margin has averaged 13.43% across 5 years, with a median of 13.73% in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Margin plunged 4944 bps in 2022, then jumped 5173 bps in 2025.
- Over 5 years, Operating Margin stood at 26.01% in 2022, then increased by 3 bps to 26.73% in 2023, then rose by 11 bps to 29.69% in 2024, then rose by 17 bps to 34.6% in 2025, then sank by 57 bps to 14.76% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 14.76%, 18.57%, and 34.6% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.93 Bn | 72.73 Bn | 6.04 Bn | 25.65% |
| 2 | Aon | 65.52 Bn | 64.25 Bn | - | 21.55% |
| 3 | Arthur J. Gallagher | 62.61 Bn | 61.23 Bn | - | - |
| 4 | Willis Towers Watson | 29.69 Bn | 28.03 Bn | 2.09 Bn | 14.76% |
| 5 | Brown & Brown | 22.10 Bn | 21.19 Bn | 1.41 Bn | 6.68% |
| 6 | XChange TEC.INC | 16.54 Bn | 16.54 Bn | - | - |
| 7 | Erie Indemnity | 11.13 Bn | 10.78 Bn | - | 18.73% |
| 8 | Ryan Specialty Holdings | 4.86 Bn | 4.72 Bn | - | 19.67% |
| 9 | Neptune Insurance Holdings | 4.29 Bn | 4.27 Bn | - | 47.52% |
| 10 | Baldwin Insurance | 2.71 Bn | 2.53 Bn | - | -1.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.76% |
| Mar 31, 2026 | 18.57% |
| Dec 31, 2025 | 34.60% |
| Sep 30, 2025 | 18.27% |
| Jun 30, 2025 | 16.28% |
| Mar 31, 2025 | 19.43% |
| Dec 31, 2024 | 29.69% |
| Sep 30, 2024 | -33.46% |
| Jun 30, 2024 | 9.36% |
| Mar 31, 2024 | 11.96% |
| Dec 31, 2023 | 26.73% |
| Sep 30, 2023 | 7.34% |
| Jun 30, 2023 | 6.58% |
| Mar 31, 2023 | 12.70% |
| Dec 31, 2022 | 26.01% |
| Sep 30, 2022 | 7.89% |
| Jun 30, 2022 | 6.75% |
| Mar 31, 2022 | 8.29% |
| Dec 31, 2021 | 25.50% |
| Sep 30, 2021 | 57.32% |